Letter from Bitcoin Exchange Coinbase to SEC!

SEC cryptocurrency lastly, leading crypto exchanges while increasing the pressure on the sector To Coinbase and Binance sued.

While the legal process continues, a move came from Coinbase, the largest stock exchange in the USA, against the SEC.

to court in the near future. SEC Coinbase criticized the SEC for not responding to questions asked.

of the SEC crypto- Taking action to create regulatory clarity for its industry, Coinbase also accused the SEC of not responding to questions about regulatory clarity, but also of responding late.

Coinbase used the following statements in the letter:

“There is a stark discrepancy between the SEC’s role in litigation and its actions and statements on crypto at other times.

When the court orders the SEC to explain this discrepancy, the SEC still does not respond or gives indirect and late answers.

Rather than answering directly, he repeats his earlier conversations.”

In the letter, Coinbase also argued that the SEC was unwilling to comply with the court’s decision, which it ordered to disclose, noting that it was reluctant to provide information on why it was suing.

In this context coinbaseDemanding that the SEC’s silence and late action could irreparably damage the cryptocurrency industry, demanded a response to the regulatory clarification petition in a maximum of 60 days or less.

As will be remembered, the SEC requested another 120 days on June 13 to respond to Coinbase’s petition seeking regulatory clarity.